Guideline Value for Darma Thottam 3rd Street

Darma Thottam 3rd Street guideline value

The current guideline value of Darma Thottam 3rd Street is Rs 2,200 per sq.ft. This street is located in Irumpuliyur village, under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Darma Thottam 3rd Street has changed

The guideline value for Darma Thottam 3rd Street has seen several revisions over the years. The earliest recorded revision is from 2007, when the value was Rs 650 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 208% increase. However, the value dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, followed by a further increase to the current value of Rs 2,200 per sq.ft effective from 1 July 2024, which is a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 238%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median value among these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Darma Thottam 3rd Street.

• Darma Thottam 2nd Street (Bharathidasan Street): Rs 2,530 per sq.ft (2024)
• Darma Thottam Erikarai Street: Rs 1,650 per sq.ft (2024)
• Darma Thottam 1st Street: Rs 2,530 per sq.ft (2024)
• Darma Thottam: Rs 2,530 per sq.ft (2024)
• Daniel St: Rs 1,650 per sq.ft (2024)
• Devaki Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Darma Thottam 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Darma Thottam 3rd Street?

The Sub Registrar Office that covers Darma Thottam 3rd Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Irumpuliyur

The guideline value plays a crucial role in the registration process of property transactions in Irumpuliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both buyers and sellers are aware of the costs involved in the transaction, based on the established guideline values for their respective areas.

Frequently asked questions

What is the current guideline value of Darma Thottam 3rd Street?

The current guideline value of Darma Thottam 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 238% over the years.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Darma Thottam 3rd Street?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Darma Thottam 3rd Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Darma Thottam 3rd Street?

The land classification for Darma Thottam 3rd Street is Residential Special Type - II.